Langlui's Big Board and Options Plays

[loanwolf]

FAST - $64.43, out put side 1.25 and 1.50 avg +.18, nothing worthwhile but at least it's not a loss.

Was expecting closer to a 10% move initially so happy just to cut loose, maybe somehow calls come back into play with a market bounce or something.

It's sometimes difficult to follow rules and let winners run with options when time is the enemy and these suckers expire friday and true value is only .60 for these.

Earnings showing conflicting information
http://finance.yahoo.com/news/Extreme-Networks-plunges-optmonster-1122402292.html?x=0&.v=1

"Fastenal Earnings Miss Despite Strong Revenue
Fastenal reported fiscal fourth-quarter profit of $0.44, but analysts had expected $0.45. The earnings miss occurred despite revenue coming in at $573.8 million, ahead of the $563.3 million estimate. FAST is down 1 percent before the bell."

http://finance.yahoo.com/news/Fastenal-1st-quarter-net-apf-750304355.html?x=0&.v=1
"WINONA, Minn. (AP) -- Fastenal Co., which makes nuts, bolts and other fasteners, said Tuesday its profit rose 42 percent in the first quarter as revenue climbed 23 percent.

Net income rose to $79.5 million, or 54 cents per share, for the three months ended March 31 from $56 million, or 38 cents per share last year. Analysts expected earnings of 51 cents per share, according to FactSet.

Revenue rose to $640.6 million from $520.8 million last year. Analysts expected revenue of $629.1 million.

Sales deteriorated during the recession, but they've been rebounding. The strengthening Canadian dollar and the acquisition of Holo-Krome in 2009 also added to revenue gains.

Winona, Minn.-based Fastenal opened more stores in the third-quarter compared to the prior-year period, 37 compared to 29. It plans to open 150 to 200 new stores in total during 2011.

Its shares fell $1.09, or 1.6 percent, to $66.41 in morning trading.

"